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Earlier this year, Dutch medical device maker Royal Philips reached a $1.1 billion deal to settle thousands of claims stemming from a recall in 2021 of millions of its breathing machines like ...
Philips said it had agreed to pay $1.1 billion to settle all personal injury claims filed in the U.S., ending uncertainty that had slashed its market value over the past three years.
The health regulator added that in 2023, between July and September, it received more than 7,000 medical device reports, including 111 reports of deaths related to the use of these machines.
Philips (PHG) is recalling some Bi-Level PAP, CPAP, and mechanical ventilator devices in the United States due to health risks. Philips (PHG) Recalls CPAP, Ventilators Used for Sleep Apnea Skip to ...
Jun. 15—Medical equipment company Philips has issued a recall on some products to address possible health risks associated with a foam component meant to help reduce noise. The polyester-based ...
Philips' recall of BrightView Imaging Systems, used for single photon emission computed tomography (SPECT) scan, is to correct the faulty component and not a product removal, the health regulator ...
Philips shares were down 4.9% at 18.58 euros by 1223 GMT. Analysts from ING said in a note that the DreamStation 2 is the successor of the DreamStation 1 machine which had used the problematic foam.
Philips stopped producing and selling the product line in 2014, according to the company. The company is also grappling with the fallout of a global recall in 2021 of millions of respirators used ...